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ANGLO AUSTRALIAN RESOURCES NL

ASX: AAR

The data on Australian Shares.com is intended as a guide only and is compiled from information in the public domain. Data on this website should not be used to make an investment or trading decision.

Description

Anglo Australian Resources NL is a focused gold and base metal explorer with a portfolio of advanced and grass roots projects in Western Australia's Eastern Goldfields, Kimberly and the Northern Territory.

In 2007 the company completed a successful gold mining operation at its Mandilla Project producing 20,619oz Au. Gold exploration continues with recent high grade intersections at Rogan Josh and Dalray prospects on our Feysville project, 25km south of Kalgoorlie's Golden Mile.

A preliminary Feasibility study was completed in October 2008 at the companies Kimberly Koongie copper - zinc project highlighting the potential to develop an underground and open pit operation producing zinc and copper concentrates from the Sandiego and Onedin prospects utilising a 500,000tpa processing plant. A resource extension RC and Diamond drilling program was completed at Koongie in November 2008 Numerous high grade copper and zinc intersections resulted from this program and resource estimates for the two deposits have been upgraded.

The new Sandiego resource estimation completed in September 2009 has increased the resource tonnes by 115% on the 2006 Mineral Resource Estimate to 3.9Mt. The new resource estimation has increased the total contained copper by 93% to 57,000t, the total contained zinc by 18% to 145,000t and the total contained silver resource by 23% to 2.4 Moz.

The new Onedin Indicated Resource estimation also completed in April 2009 represents 36,000t of contained copper metal, 140,000t of contained zinc and 3.7Moz of contained silver metal.

Current Feasibility activity has focused on maximising the value of the project's copper resources and Coffey Mining has been appointed to conduct a comprehensive review of the resource model, an examination of the conversion of resource to reserve parameters and to propose a mine plan from which plant and infrastructure requirements can be developed.

An RC and diamond drilling program at Sandiego targeting a high grade copper chalcocite cap as well as depth extensions to the copper lodes was completed in July 2010. This program acheived its objective of locating additional copper. Re- estimation of the resource will be completed following receipt and compilation of all assay data.

Mine For

gold, copper, zinc, silver, lead

Location of operation(s)

Western Australia, Northern Territory

Address

Ground Floor 63 Hay Street
SUBIACO, WA, AUSTRALIA

Phone

(08) 9382 8822

Email

Website


Last Updated

21/04/2014

 

The data on Australian Shares.com is intended as a guide only and is provided purely as an indication of what information can be found through official announcements. Data on this website should not be used to make an investment or trading decision. All information should be carefully cross-checked against official sources for accuracy. The publisher (Intaanetto Pty Ltd) will not be held liable for any loss arising from the use of this website.